SEOUL, Jan 21 Following is a list of events in
South Korea as well as news stories and press reports that may
influence financial markets:
>Iron ore rally may hamper deals in Pilbara
>Golf-Stallings storms five ahead at Challenge
>US, China in deal on UN N.Korea rebuke
>Wind Mobile CEO to step down;Orascom gains control
>Intel has little choice in big manufacturing bet
>KOSPI rises on optimism from firm China, U.S. data
>S.Korea won up on US data, BOJ easing expectations
* The Dow and S&P 500 closed at five-year highs on Friday as
the market registered a third straight week of gains on a solid
start to the quarterly earnings season.
* World equity and oil prices rebounded on Friday after
Republican leaders of the U.S. House of Representatives said
they would seek to break a budget impasse next week, while the
yen hit a 31-month low against the U.S. dollar ahead of
potential asset purchases by the Bank of Japan.
* Oil prices rose on Friday, recovering from an earlier dip
after news that the U.S. House of Representatives will consider
a bill to raise the debt ceiling enough to allow the country to
pay its bills for another three months.
* South Korean shares rose on Friday as positive sentiment
flowing from strong U.S. data overnight was cemented by
fourth-quarter GDP data from China showing its economy regained
speed in the final quarter of 2012.
IN THE KOREAN PRESS
Following is a summary of local press reports translated by
Reuters. Reuters has not verified the content of these reports
and does not vouch for their accuracy.
> SK Innovation Co Ltd said it has set up a joint
venture with German auto parts maker Continental AG to
produce electric batteries for cars.
> Hyundai Heavy Industries Co Ltd announced that
it has won a US$1.1 billion order to build an offshore platform
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(Compiled by Daum Kim; Editing by Paul Tait)